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Peoria Condos LLC Acquires Mixed-Use Property In Denver For $4.9M

Property Image
SOLD
$4,900,000

Colorado

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Mixed-use
Sold 01/03/2024
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Property Image
SOLD

Peoria Condos LLC Acquires Mixed-Use Property In Denver For $4.9M

5475 Peoria Street

See Similar Deals
Mixed-use
Sold 01/03/2024
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Summary

COLORADO
Asset Type:Mixed-use
Transaction Type:Sale

Malman Commercial Real Estate has orchestrated the acquisition of 22 industrial/flex condominiums at 5475 Peoria St. in Denver by Peoria Condos LLC for $4.9 million. The mixed-use property, located at 5475 Peoria Street, offers a versatile space that includes both residential and commercial units. The transaction took place on January 3, 2024, and involved multiple sellers, including Slang Colorado RE1 LLC, 5475 Building I LLC, and 5475 Building II LLC.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $4,900,000
  • Market: Denver, CO

Jake Malman of Malman Commercial Real Estate acted as the buyer's representative in the deal, assisting Peoria Condos LLC in acquiring the property. Mark Alley and Paul Schneider, from Pinnacle Real Estate Advisors, represented the sellers during the transaction. The involvement of these experienced real estate professionals highlights the importance of skilled and knowledgeable agents in complex property transactions.

Players

Jake Malman
11 deals$64M volume(720) 471-1763
BROKER

Mark Alley
Pinnacle Real Estate Advisors
4 deals$17.6M volume(303) 842-3064
BROKER

Paul Schneider
Pinnacle Real Estate Advisors
2 deals$9.7M volume(303) 962-9546
BROKER

Details

SOLD
IMAGE: Jake Malman, Mark Alley & Paul Schneider DATE: 01/03/2024 ADDRESS: 5475 Peoria Street MARKET: Denver, CO ASSET TYPE: Mixed-use BUYER: Peoria Condos LLC SELLER: Slang Colorado RE1 LLC, 5475 Building I LLC & 5475 Building II LLC BUYER'S REP: Jake Malman - Malman Commercial Real Estate SELLER'S REP: Mark Alley & Paul Schneider - Pinnacle Real Estate Advisors SALE PRICE: $4,900,000 NOTE: Malman Commercial Real Estate has orchestrated the acquisition of 22 industrial/flex condominiums at 5475 Peoria St. in Denver by Peoria Condos LLC for $4.9 million.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$261,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00